-- Published: Wednesday, 7 September 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1345.00 | -$3.80 |
Silver | $19.78 | -$0.26 |
XAU | 101.08 | -0.47% |
HUI | 248.20 | -0.95% |
GDM | 792.92 | +0.25% |
JSE Gold | 2365.34 | -33.64 |
USD | 94.98 | +0.11 |
Euro | 112.42 | -0.11 |
Yen | 98.30 | +0.32 |
Oil | $45.50 | +$0.67 |
10-Year | 1.541% | -0.002 |
T-Bond | 172.1875 | +0.0625 |
Dow | 18526.14 | -0.06% |
Nasdaq | 5283.93 | +0.15% |
S&P | 2186.16 | -0.01% |
The Metals:
Gold saw slight gains in Asia before it chopped back lower in London and New York, but it ended with a loss of just 0.28%. Silver slipped to as low as $19.738 and ended with a loss of 1.3%.
Euro gold fell to about €1197, platinum lost $11 to $1084, and copper remained at about $2.10.
Gold and silver equities fell roughly 3% by early afternoon, but they then rallied back higher into the close and ended near unchanged on the day.
The Economy:
Fed Sees Modest Economic Growth Amid ‘Slight’ Inflation Bloomberg
Job openings soar to all-time high of 5.9 million in July MarketWatch
Mortgage applications up just 0.9% as interest rates stall CNBC
Tomorrow brings Initial Jobless Claims and Consumer Credit.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil settled 1.5% higher on continued hopes for a possible production freeze.
The U.S. dollar index and treasuries held near unchanged and closed with marginal gains ahead of tomorrow’s ECB meeting.
The Dow, Nasdaq, and S&P traded modestly lower for much of trade but ended mixed and near unchanged on mostly disappointing company news.
Among the big names making news in the market today were Nintendo, Sprouts, Apache, Mondelez, Chipotle, and Apple.
GATA Posts:
Backed by Sprott, 'Flash Boys' protagonists aim a new exchange at gold
The Statistics:
As of close of business: 9/6/2016
Gold Warehouse Stocks: | 10,929,295.619 | -4,533.17 |
Silver Warehouse Stocks: | 162,862,046.302 | -63,592.275 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV) | SPDR® Gold Shares | 952.135 | 30,612,097 | US$40,919m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,973m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,603m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$482m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.56 | 1,239,670 | US$1,656m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 14.245 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 225.39: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,246.40: +62.03 change from yesterday’s data.
The Miners:
New Gold’s (NGD) development update, Eldorado’s (EGO) updated outlook, Silver Bear’s (SBR.TO) financing approval, SilverCrest’s (SIL.V) drill results, and Santacruz Silver’s (SCZ.V) acquired property right were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Endeavour Silver | EXK +2.37% $5.62 |
2. Alexco | AXU +1.87% $2.18 |
3. Primero | PPP +1.75% $1.74 |
LOSERS
1. New Gold | NGD -7.43% $5.23 |
2. Mines Management | MGN -6.09% $1.31 |
3. Harmony | HMY -4.37% $3.94 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.
- Chris Mullen, Gold Seeker Report
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-- Published: Wednesday, 7 September 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Edge Lower While Miners Bounce Back From Midday Losses
